Is Bitcoin Going Through a Bear Cycle?

Inflation is already starting to come down on a year over year basis according to CPI. And if that does happen and the federal funds rate is relatively high relative to that inflation, it would make sense for the Fed to say, okay, hold on a second. Like we see that our rate heights may be working to bring down the CPI inflation. Maybe we can pause, see how things look for a while and then maybe something ends up breaking in the treasury market. And then all of a sudden they need to start cutting rates again, doing QE and centivizing more people to borrow, take on leverage.